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What is the Impact of new industrial policy 1991 on Indian economy?
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoSee, the impact has been fairly beneficial and visible. It has enabled India reach new heights and develop its economy to a great extent. The era before the policy was introduced had been facing economic stagnation, increasing "balance of payment" crisis and other potholes. So, the LPG which was introduced as a part of NEP opened the Indian economy to the world leading to increasing foregin capital, technology and trade inflows in the country. Now the people have been enjoying better times. But, the benefit of the policy is limited only to certain well-to-do sections of the society.
Wiki User
∙ 15y agowhat changes made in 1991 regarding industry
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